During its first year of operations, Turning Leaves Furniture Restoration, Inc. had sales of $452,000, all on account. Industry experience suggests that Turning's uncollectibles will amount to 2% of credit sales. At December 31, 2021, accounts receivable total $49,000. The company uses the allowance method to account for uncollectibles. 1. Make Turning's journal entry for uncollectible-account expense using the percent-of-sales method. 2. Show how Turning should report accounts receivable on its balance sheet at December 31, 2021.

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)